1. Payment History (35%): Pay your bills on time, like credit card bills, loans, and EMIs, to maintain a good score.
2. Credit Utilization (30%): Keep your credit card balances low, ideally below 30% of the credit limit.
3. Credit Mix (10%): Maintain a healthy mix of credit types, such as credit cards, loans, and a mortgage.
4. Credit Duration (15%): The longer you have a credit history, the better it is for your score. So, keep old accounts active.
5. Credit Applications (10%): Avoid applying for multiple loans or credit cards within a short period, as it can lower your score.
6. Errors and Disputes: Regularly check your credit report for any errors or discrepancies and report them to the credit bureau.
7. Multiple Loan Rejections: Avoid multiple loan rejections as it can negatively impact your score. Be selective when applying for credit.
Remember, your CIBIL score reflects your creditworthiness, so it's crucial to adopt responsible credit habits to maintain a healthy score.